Rally Continuation after Correction Completion
Intra Day Chart Analysis & Market Outlook
(04-08-2016)
Nifty-Intra Day Chart (03-Aug-2016):-
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| Just click on chart for its enlarged view |
1- Down moves in Bullish Falling Channels
2- Consolidation between 8545-8548
3- Whole day actual trading between 8530-8635
Conclusions from intra day chart analysis
Although 0.91% down closing near the lower levels of the day after whole day negative zone trading today but good intraday consolidation patterns formations therefore expected that fresh up moves will be seen in the coming sessions and strong signals of last Monday started correction completion as well as high possibility of rally continuation above the top(8711.30) of on going rally.